Stellantis N.V. Amends Archer Aviation Stake Filing

TL;DR

Stellantis filed an update on its Archer Aviation stake - no major changes disclosed, but shows ongoing interest.

AI Summary

Stellantis N.V. has filed an amendment (No. 7) to its Schedule 13D/A on March 15, 2024. This filing relates to Archer Aviation Inc., where Stellantis is a significant holder. The filing does not disclose specific new share acquisitions or sales but updates information regarding the reporting persons and their holdings.

Why It Matters

This filing provides updated information on Stellantis's stake in Archer Aviation, a key player in the electric vertical takeoff and landing (eVTOL) aircraft sector, signaling continued strategic interest.

Risk Assessment

Risk Level: medium — The filing involves a significant automotive manufacturer and a company in the emerging eVTOL sector, indicating potential strategic shifts and market volatility.

Key Players & Entities

• Stellantis N.V. (company) — Reporting Person
• Archer Aviation Inc. (company) — Subject Company
• FCA FOREIGN SALES HOLDCO LTD. (company) — Group Member
• FCA NORTH AMERICA HOLDINGS LLC (company) — Group Member
• FCA US LLC (company) — Group Member
• SFS UK 1 LTD (company) — Group Member
• STELLANTIS EUROPE S.P.A. (company) — Group Member
• Fiat Chrysler Automobiles N.V. (company) — Former Company Name
• Atlas Crest Investment Corp. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of
• $4.37 — rage of a range of purchase prices from $4.37 to $4.755. (3) Represents the weighted
• $4.755 — range of purchase prices from $4.37 to $4.755. (3) Represents the weighted average o
• $4.66 — rage of a range of purchase prices from $4.66 to $4.95. (4) Represents the weighted
• $4.95 — range of purchase prices from $4.66 to $4.95. (4) Represents the weighted average o
• $4.775 — rage of a range of purchase prices from $4.775 to $4.9995. (5) Represents the weighte
• $4.9995 — range of purchase prices from $4.775 to $4.9995. (5) Represents the weighted average o
• $5.00 — rage of a range of purchase prices from $5.00 to $5.125. (6) Represents the weighted
• $5.125 — range of purchase prices from $5.00 to $5.125. (6) Represents the weighted average o
• $5.06 — rage of a range of purchase prices from $5.06 to $5.55. (7) Represents the weighted
• $5.55 — range of purchase prices from $5.06 to $5.55. (7) Represents the weighted average o
• $4.84 — rage of a range of purchase prices from $4.84 to $4.995. (8) Represents the weighted
• $4.995 — range of purchase prices from $4.84 to $4.995. (8) Represents the weighted average o
• $5.24 — range of purchase prices from $5.00 to $5.24. (d) Pursuant to the Forward Purchase

Filing Documents

• sc-13da03152024_stla.htm (SC 13D/A) — 132KB
• 0001605484-24-000043.txt ( ) — 134KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) and (b) See Items 7-13 of the cover pages and Item 3 above. The percentage calculations herein are based upon the statement in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC on February 29, 2024, that there were 272,319,871 shares of Class A Common Stock of the Issuer outstanding as of February 23, 2024, and also take into account (i) the 1,671,202 shares of Class A Common Stock issuable upon exercise of the FCA US Warrant, (ii) the 1,077,024 shares of Class A Common Stock issuable upon exercise of the FCA Italy Warrant and (iii) the 5,000,000 shares of Class A Common Stock issuable upon exercise of Tranche 1 of the Stellantis Warrant. (c) The following table lists transactions in the Class A Common Stock that were effectuated subsequent to the transactions reported on Amendment No. 6, filed with the SEC on March 8, 2024. All transactions were effectuated in the open market through a broker. Trade Date PurchaseSale No. of Shares Price Per Share (1) 382024 Purchase 800,000 4.5958 (2) 3112024 Purchase 800,000 4.828 (3) 3122024 Purchase 463,581 4.9261 (4) 3122024 Purchase 336,419 5.0571 (5) 3132024 Purchase 800,000 5.3575 (6) 3142024 Purchase 423,176 4.9262 (7) 3142024 Purchase 326,824 5.0749 (8) (1) Weighted average purchase prices. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any stockholder of the Company, upon request, full information regarding the number of shares purchased at each separate price. (2) Represents the weighted average of a range of purchase prices from $4.37 to $4.755. (3) Represents the weighted average of a range of purchase prices from $4.66 to $4.95. (4) Represents the weighted average of a range of purchase prices from $4.775 to $4.9995. (5) Represents the weighted average of a range of purchase prices from $5.00 to $5.125. (6) Represent

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View this SC 13D/A filing on SEC EDGAR